Fatpipe Networks India Ltd
Fatpipe Networks India Limited invents and holds patents of a technology that principally provides optimization and security for wide area networks (WAN).
The company creates WAN redundancy technology and router clustering, which enable high-speed data transfer through multiple lines, multiple ISPs, and backbones over WANs with seamless re-assembly of data streams. Its products include FatPipe IPVPN, which works with both private and public lines to achieve WAN optimization, reliability, redundancy, speed, and WAN security for data transmission; Fatpipe Multi-path VPN that provides VPN security, fault tolerance, and speed for mission critical VPNs; and FatPipe Warp and Fatpipe Xtreme, which act as high-speed router clustering devices.
Fatpipe Networks products also include FatPipe Kompressor, a packet-based data compression device; FatPipe QoS that allows customers to add prioritization for inbound and out bound traffic; FatPipe Spam Police, an anti-spam and anti-virus networking appliance that eliminates junk email and protects network from harmful viruses; and FatPipe WAN Optimization technology, which offers WAN optimization using patented and patent pending technologies.
Fatpipe Networks India Limited was incorporated in 2002 and is based in Chennai, India.
Fatpipe sells its products worldwide through a network of 2 authorized distributors and over 500 resellers. Fatpipe is proposing to expand its operations to China, Singapore, South Africa, Kenya, Nigeria, Argentina, Belgium, Germany, France, Eastern Europe and Australia.
THE PROMOTERS OF THE COMPANY ARE DR. RAGULA BHASKAR AND MS. SANCHAITA DATTA
Notice IPO Withdrawn : *Attn Members: Book Running Lead Manager to the issue has informed the Exchange that the Book Building issue of Fatpipe Networks India Limited has been withdrawn.
Objects of the issue:
To expand the product line with enhanced Research and Development activities, specifically for development of new product-lines. To establish 16 new Marketing Offices across the globe including additional offices in the USA.
For strategic acquisition of business/ company
To meet margin money for Working Capital requirement and
To meet the Public Issue Expenses
General Corporate Purposes
To get the equity shares of the Company listed on the Stock Exchanges
Company Address:
Address:3rd Floor, Northern Wing,
Greams Dugar, No. 68 (Old. No. 149),
Greams Road, Chennai 600 006
Phone:+91 44 - 28291264
Fax:+91 44 - 28291255
Email:ipo@fatpipeinc.com
Website:www.fatpipe.com
IPO Details:
| Information | Value |
|---|---|
| Open Date | 07-Jun-2010 |
| Close Date | 09-Jun-2010 |
| Allotment Date | 18-Jun-2010 |
| Refund Date | 19-Jun-2010 |
| Listing Date | NA |
| Issue Price | Rs. 82 - Rs. 85 |
| Isuue Type | 100% Book Building Issue |
| Issue Size | 5,764,705 Equity Shares of Rs. 10 |
| Lot Size | Max.1120 (for Retail) |
| Max Amount for Retail Investor | 100000 |
| Listing On | BSE,NSE |
| Lead Manager | Keynote Corporate Services Ltd |
| Registrar | Karvy Computershare Private Limited |
| Registrar Email | mailmanager@karvy.com |
| Registrar Website | www.karvy.com |
| Registrar Phone | +91 40 2343 1553 |
| Application Multiple | 70 and in multiples there off starting with atleast 70 shares |
| Cheque in Favour of | "FATPIPE - R" For Retail Bidders |
| Listing Open | NA |
| Listing Close | NA |
| Listing High | NA |
| Listing Low | NA |
GreyMarket Premium for Fatpipe Networks India Ltd
| Date | GM Premium | Kostak Rate |
|---|---|---|
| 01-Jun-2010 | Rs. 3.50 - 4.50 | ---- |
| 02-Jun-2010 | Rs. 3 - 4 | ---- |
| 03-Jun-2010 | Rs. 2.50 - 3 | ---- |
| 04-Jun-2010 | Rs. 2.50 - 3 | ---- |
| 05-Jun-2010 | Rs. 2 - 3 | ---- |
| 07-Jun-2010 | Rs. 2 - 3 | Rs. 1500 - 1700 |
| 08-Jun-2010 | Rs. 2 - 3 | Rs. 1500 - 1700 |
| 14-Jun-2010 | Rs. 1 - 2 | ---- |
Fatpipe Networks India Ltd Subscription Details:
| Date | Retail | QIB | Non Institutional | Employee | Overall |
|---|---|---|---|---|---|
| 07-Jun-2010 | 0.0250 | 0.6289 | 0.0000 | NA | 0.32 |
| 14-Jun-2010 | 0.25 | 0.94 | 2.12 | NA | 0.88 |
| 08-Jun-2010 | 0.0439 | 0.6289 | 0.0000 | NA | 0.33 |
| 09-Jun-2010 | 0.2217 | 0.8485 | 1.5218 | NA | 0.71 |
| 10-Jun-2010 | 0.2178 | 1.1217 | 1.4846 | NA | 0.86 |
| 11-Jun-2010 | 0.21 | 0.94 | 2.12 | NA | 0.87 |